BNB's 24-hour trading volume doubles on expectations of Fed rate cut

Son Min

Summary

Reports that Binance Coin (BNB)'s 24-hour trading volume doubled relative to the average amid expectations of easing monetary policy by the U.S. Federal Reserve.
Alongside Bitcoin's rise, risk assets overall are recovering, and Coinbase's addition of BNB to assets under review and CMBI's launch of tokenized products are increasing BNB's investment accessibility.
Markets indicate that a Fed rate cut and eased U.S.-China trade tensions are leading risk asset recovery, but geopolitical uncertainty keeps investors cautious.

With speculation about a potential easing of monetary policy by the U.S. Federal Reserve (Fed), the crypto market showed a rebound, and Binance Coin (BNB)'s 24-hour trading volume was found to have doubled compared to the average.

On the 20th (local time), according to CoinDesk, BNB opened at about $1077, rose intraday to $1144, and finished trading around $1122. It experienced swings of about 7% during the day, and trading volume was 128,847, nearly double the 24-hour average.

This rally coincided with a recovery in risk assets overall, with Bitcoin up 2.6% over 24 hours and the CoinDesk20 (CD20) index rising 2.5%. U.S. President Donald Trump signaled that he might ease tariffs on China, and the possibility that the Fed would slow the pace of quantitative tightening (QT) emerged, strengthening risk-on sentiment.

BNB has recently become more accessible to investors as Coinbase added it to the list of assets under review through its 'Blue Carpet' program. At the same time, China Merchants Bank International (CMBI) tokenized dollar money market funds on the BNB Chain and issued institution-only products 'CMBMINT', 'CMBIMINT'.

Markets are pricing in the possibility that the Fed will cut the benchmark rate by 0.25% point this month, and expectations of eased U.S.-China trade tensions are driving the recovery in risk assets. However, geopolitical uncertainty remains, so investor sentiment is cautious.

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